Brothers, Binance is back with benefits! Binance has launched a new round of Launchpool—BIO Protocol ($BIO), and those holding $BNB have profited again.
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Introduction to the BIO Protocol Project
BIO Protocol is an innovative platform focused on decentralized science (DeSci), dedicated to accelerating biotechnology innovation through decentralized funding, intellectual property (IP) tokenization, and liquidity markets. The platform aims to connect scientists, investors, and patient communities, providing funding support, IP management, and liquidity solutions for biotechnology projects, thereby driving global scientific innovation.
Financing Situation
BIO Protocol has completed multiple rounds of financing in both private and public phases, demonstrating its strong market appeal:
Private Financing: Raised 900,000 USD before the seed round, with a valuation of approximately 35 million USD; raised 1.4 million USD in the seed round, with a valuation reaching 69 million USD.
Public Financing (BIO Genesis Auction):
Genesis Round 1 raised 6.2 million USD, with a valuation of approximately 85 million USD.
Genesis Round 2 raised 18.2 million USD, with a valuation of approximately 142 million USD.
Genesis Round 2.5 raised 3.5 million USD, with a valuation reaching 219 million USD.
Project Advantages
Innovation: BIO Protocol introduces decentralized funding and IP-NFT, transforming traditional scientific funding into a more efficient and transparent model.
Solving the 'Valley of Death': Providing capital and liquidity support for early-stage biotechnology projects to accelerate commercialization.
Global Reach: Connecting scientists, investors, and patients from around the world to create a global scientific innovation ecosystem.
Scalability: Diversifying risks through liquidity protocols and diversified investment portfolios, enhancing capital efficiency.
Long-term Development Potential: Combining DeFi and DeSci models to provide continuous funding and market support for scientific innovation.
Project Highlights
Decentralized Science DAO (BioDAO): Supports multiple BioDAO projects with a total market cap exceeding 300 million USD, and the latest project received 13 times oversubscription.
IP-NFT and IP Token: Promoting collaboration and market entry through tokenized intellectual property, providing flexible IP management solutions for scientific research.
Launchpad Process: Three-phase mechanism (management, acceleration, separation) ensures project financing and liquidity.
High TVL (Total Value Locked): Currently exceeding 50 million USD, supporting multiple decentralized science projects.
Strong Partner Ecosystem: Collaborating with leaders in the decentralized science field such as Molecule and ResearchHub.
Token Information
Token Name: BIO Protocol ($BIO)
Total Supply: 3,320,000,000 tokens
The maximum supply of tokens (which can be increased through network governance) is 3,320,000,000 tokens;
The initial circulating supply of spot trading on Binance is 1,296,529,168 tokens (39.05% of the total genesis token supply).
Token Utility
Governance and Voting: $BIO holders can participate in governance decisions of the protocol, including the selection and support of BioDAO projects.
Priority Financing Rights: Holders can participate in financing rounds of BioDAO and acquire tokenized IP assets.
Liquidity Support: Providing liquidity for BioDAO projects and earning transaction fees.
Curatorial Management: Supporting and guiding promising BioDAO projects' development.
Ecosystem Incentives: Providing long-term incentives for participants through Launchpad, liquidity mining, and other mechanisms.
Personal Summary
BIO Protocol is a project that deeply integrates DeFi and DeSci, innovatively addressing the pain points in the field of scientific funding, providing funding, liquidity, and market solutions for early-stage biotechnology projects. With its strong financing capability, top partner support, and innovative application of decentralized technology, BIO Protocol has long-term development potential. As the decentralized science field continues to grow, $BIO is expected to become a core token in the future DeSci ecosystem, deserving attention.